Interim results 2015

The Lloyd’s market made a pre-tax profit of £1.19 billion, and recorded a combined ratio of 89.5% and a return on capital of 10.7% in the first six months of 2015. It is the fourth year running Lloyd’s has outperformed our competitor group in combined ratio terms. Full details of our interim results can be found at: www.lloyds.com/2015interims.

Our financial ratings remain strong. Lloyd’s is rated AA- (very strong) with Fitch, A+ (strong) with Standard & Poor’s and A (excellent) with A.M. Best. Lloyd’s is currently on positive outlook with A. M. Best.

This is a solid set of results given the challenging market conditions, which have seen reduced investment returns due to low interest rates, and increased competition for insurance premiums around the world.

These tough conditions look set to continue. However, Lloyd’s is committed to ensuring the long-term success of the market; and it will continue to support expert underwriting and maintain a deep commitment to rigorous market oversight. These factors, combined with our modernisation strategy, expanding international footprint, and encouraging the market to innovate will ensure Lloyd’s continues to play a vibrant role as the world’s leading specialist insurance and reinsurance market.

Financial Highlights

  • Pre-tax profit of £1.19 billion (H1 2014: £1.65 billion).
  • Return on capital of 10.7% (H1 2014: 16.3%).
  • Combined ratio of 89.5% (H1 2014: 87.4%) outperforms competitors.
  • Net resource of £22.84bn.
  • Pricing continues to be under pressure in an intensely competitive environment.
  • Economic volatility and low interest rate environment impact on investment returns.
Interim results 2015 Bild

News archive

Interim results 2015

Interim results 2015 Bild

The Lloyd’s market made a pre-tax profit of £1.19 billion, and recorded a combined ratio of 89.5% and a return on capital of 10.7% in the first six months of…

more

Fitch’s Rating of the Lloyd’s Market

Fitch’s Rating of the Lloyd’s Market Bild

Lloyd’s is pleased to announce that A.M. Best has affirmed the Insurer Financial Strength Rating (IFSR) of the Lloyd’s market of ‘A’ (Excellent) and the rating outlook as positive. A.M.…

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Fitch’s Rating of the Lloyd’s Market

Fitch’s Rating of the Lloyd’s Market Bild

Lloyd’s is pleased to announce that Fitch has affirmed the Insurer Financial Strength Rating (IFSR) of the Lloyd’s market of ‘AA-’ (Very Strong) and the rating outlook as stable. Fitch has also…

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